Apella Resources Inc.: Lac Dore Update

Apella Resources Inc. which trades on (TSX
VENTURE:APA)(OTCQX:APAFF)(FRANKFURT:NWN) and its subsidiary Prestige Mining
Corporation are pleased to announce that the exploration work initiated on its
Lac Dore Iron-Titanium and Vanadium property is progressing according to the
schedule.


Les Consultants Aurus Inc. was retained to survey the historic grid. The
delineation of the old stripping and the establishment of three permanent
benchmarks have proceeded on plan. Prior to the commencement of this work, the
access roads were cleared of snow to ease access. The Apella geological and
prospecting team assisted the surveyor in the field and searched for the
historic diamond drill hole locations. Each historic drill-hole identified, has
now been accurately recorded with a GPS and the coordinates will be used to
update the Company's Lac Dore database. Several of the historic drill-hole
casings have been found in place; some of them were partially destroyed during a
1989 timber cutting operation.


The two casings left by SNC Lavalin Inc. during the course of their feasibility
study for McKenzie Bay Resources Ltd. in 2001 have been located intact. They
correspond to holes 2001-05 and 06. Those particular two holes were drilled
along the NE extension of main deposit. 


It has been reported that historic drill-hole 2001-05 returned two mineralized
intersections which are as follows: 


1) 1.13% V2O5, 9.54% TiO2 and 25.11% oxides over 6.70 m; 

2) 1.21% V2O5, 9.81% TiO2 and 35.93% oxides over 29.35 m. 

Note: V2O5 and TiO2, at the time of the drilling, were assayed on a concentrate
obtained from a Davis Tube concentrator. Historic drill-hole 2001-06 returned
several mineralized zones which have been grouped in a composite intersection.
Results were as follows: 1.26% V2O5, 7.52% TiO2 and 24.34% oxides over 148m. 


The above information is provided for reference purposes only. The historic
results do not conform to the requirements of National Instrument 43-101 and
should be relied upon for any other purposes. The Company cautions that a
qualified person has not done sufficient work on the Lac Dore Deposit to confirm
the above noted assays, or to classify any historical estimates and therefore
historical pre NI 43-101 information should not be relied upon on as an
indicator of actual resource or reserve estimates, and should not be construed
only as conceptual in nature.


To date, drill sites of historic drill-holes S-21, S-22, S-23, S-24, S-31 and
S-33 have been found and precisely located. Casings of holes S-25 and S-32 have
been found and rehabilitated. These holes were all bored in 1979 by SOQUEM. The
1979 diamond drill records do not mention if the casings were left or removed.
There was still some snow in the field which had masked the location of the
historic drill-hole collars. In addition, the stripping made in 1997 by McKenzie
Bay had made several drill holes difficult to identify.


This press release has been reviewed by Dr. Christian Derosier, P. Geo.,
Consulting Geologist and Qualified Person for the Lac Dore Project under
National Instrument NI 43-101.


Additional information, as it is available, will be contained on the Company's
website at www.apellaresources.com or the company can be contacted at
604-683-8990.


ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.

Patrick D. O'Brien, ICD.D - Chairman

SEC Exemption 12(g)3-2(b) File no. 82-3822, Standard & Poors Listed, Dun &
Bradstreet Listed.

AlliancePharma Inc. (TSXV:APA)
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